- For Sale $1,649,000
- Property Type Office
- Property Size 3,165 SF
- Lot Size 0.41 Acre
- Cap Rate % 7.13
- NOI / YR $117,635.00
- Parking Spaces Avail. 20
- Parking Ratio 6.32 / 1,000 SF
- Date Updated Sep 8, 2026
Description
New construction
Investment with government, credit tenant
Tenant – New Mexico Corrections Department Adult Probation & Parole Division
10-year initial lease with renewal options through 2046
New construction, build-to-suit facility
Occupied April 2026
Mission-critical use
Annual operating cost escalations
Lease protection clause that includes reimbursement if tenant terminates
20 dedicated parking spaces
False
Contacts
Lisa Mercer
NAI SunVista
Martha Carpenter
NAI SunVista
Location
Contact 804 South Halagueno Street